Uniswap’s monthly volume increased to $38 billion across a variety of Ethereum layer-2 platforms, surpassing its previous record set in March
According to Dune analytics data, Uniswap achieved a monthly volume of $38 billion in November 2024, marking the first time in the history of crypto. The volume of this month surpasses the previous record of $34 billion set in March 2024.
The decentralized exchange amassed $38 billion in volume across key Ethereum(ETH) layer-2 platforms, including Base, Arbitrum, and Polygon. In comparison to the previous month, Uniswap’s monthly volume increased by nearly 50% from $20.32 billion in October 2024.
Scaling solution for Ethereum layer-2 $19.5 billion was the highest contribution from Arbitrum to Uniswap’s volume this month. Base ranked second with a volume of $9.19 billion, while Polygon followed with $4.33 billion.
Uniswap is also ranked sixth among protocols in terms of fees and revenue, according to data from DeFi Llama. Although Uniswap is slightly behind Solana, it surpasses significant protocols such as Maker, Tron, and the meme coin marketplace pump.enjoyable.
Not only that, but the native token UNI of Uniswap has also experienced a substantial increase in trading over the past 24 hours. UNI has experienced a nearly 10% increase in value over the past day, according to data from crypto.news. The token is currently trading at $12.84.
Following the ongoing crypto rally, UNI has been experiencing a 44.87% increase in the past week. The unicorn token is ranked 26th, with a market capitalization of $7.7 billion. UNI has a circulating supply of 600 million tokens and a completely diluted valuation of $12.9 billion.
In the same vein, the monthly decentralized exchange trading volume of Solana in November surpassed its previous record high, reaching $109.73 billion. Solana’s monthly DEX volume increased by over 50% in comparison to the $52.49 billion volume of the previous month.
The recent record-breaking milestones of Solana and Uniswap may indicate a broader resurgence of interest in decentralized finance.
